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McEwen Mining: Black Fox Exploration Results ‘Encouraging’

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(Kitco News) - McEwen Mining Inc.(NYSE, TSX: MUX)says exploration results from its Black Fox Complex in Ontario are “encouraging.” The company says it has spent approximately 30% of its $15 million 2018 exploration budget at Black Fox so far, with 42,400 meters of drilling completed in the first quarter. The company says some of the best intercepts encountered were 639 grams of gold over 0.55 meter in a hole at Gibson Southwest, 5.24 g/t gold over 11.96 meters in a hole at Stock East, 4.50 g/t gold over 3.79 meters in a hole at Black Fox, and 23.88 g/t of gold-equivalent over 6.47 meters from a hole at Tamarack.

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